Bayer says it is pushing back the expected date of closing its proposed $66 billion acquisition of Monsanto Co. and that it is prepared to make additional concessions – including selling its entire vegetable seed business – to win approval from antitrust authorities in the EU, the U.S. and elsewhere.
The Trump administration’s approach to mergers and acquisitions in the agriculture-related industries appears to follow the antitrust enforcement policies of previous administrations, in the view of a former Department of Justice (DOJ) antitrust lawyer.
Opponents of industry mergers and modern farming techniques thought they had the perfect partners in the Obama Administration to more strictly enforce anti-trust laws and stop industry consolidation in agriculture. That didn’t happen.
WASHINGTON, June 15, 2017 – DuPont and Dow Chemical say they’ve gotten approval from the Justice Department’s Antitrust Division for their merger, a combination that will create the world’s largest crop protection and seeds company.